Export prices for all grades of rice softened further, following continued inactive demand. Trade sources reported that the recent
Thai trade delegation to China was not able to conclude any white rice deals due to the current price volatility. Also, the recent Philippines tender of
200,000 tons of white rice reportedly remained uncertain. Thai exporters are concerned that Vietnam will likely get most of the deals. In general, new
order demand is also inactive during the low season of June – July. Thai rice exports in June reached a record high level of 931,179 tons after
unfavorable weather conditions limited loading activities in May. Exports in July may reach 800,000 tons, based on a number of pending shipment.